Skyharbour Announces Closing of Option and Purchase Agreements with Hatchet Uranium for Several of its Uranium Projects Located in the Athabasca Basin

Vancouver, BC, Feb. 10, 2025 (GLOBE NEWSWIRE) -- Skyharbour Resources Ltd. (TSX-V: SYH) (OTCQX: SYHBF) (Frankfurt: SC1P) (“Skyharbour” or the “Company”), is pleased to announce that, further to its news release dated November 4^th, 2024, closing has occurred on the option agreement (the “Agreement”) with Hatchet, whereby Hatchet Uranium Corp. (“Hatchet”) may acquire an 80% interest in the Company’s 17,606 ha Highway Uranium Property (the “Optioned Property”) and a 100% interest, subject to a claw-back provision for Skyharbour, in the Company’s Genie, Usam and CBX/Shoe Uranium Projects (the “Purchased Property”). The properties total 66,358 ha and are all located in the Athabasca Basin of Northern Saskatchewan, Canada. The Agreement on the Optioned Property provides Hatchet an opportunity to earn an 80% interest in the claims over a three-year period by fulfilling combined cash, share issuance and exploration expenditure commitments of CAD $3,345,000. For the Purchased Property, Skyharbour will also receive units in the capital of Hatchet consisting of a share and a warrant (“Hatchet Units”) equal to 9.9% of the issued and outstanding shares of Hatchet.